https://www.taxtmi.com/highlights?id=40876 Taxability of Interest paid by the branch (PE) in India to its parent foreign bank in Japan - Deduction of interest so paid as expenditure - the interest income received by the head office of the assessee bank would not be chargeable to tax in India - Allowed as deduction in the hands of branch as business expenditure. en-us Thu, 16 Aug 2018 07:57:50 +0530 Thu, 16 Aug 2018 07:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40876 Taxability of Interest paid by the branch (PE) in India to its parent foreign bank in Japan - Deduction of interest so paid as expenditure - the interest income received by the head office of the assessee bank would not be chargeable to tax in India - Allowed as deduction in the hands of branch as business expenditure. Highlights Income Tax Thu, 16 Aug 2018 07:57:50 +0530 https://www.taxtmi.com/highlights?id=40876